sgro a slurredle on the road do dow. "street signs", stocks are stalled. >>> plus, is it your town? we look at some of the bigger -- and the driverless car is here. a tine,start-up may beat google at its own game. hi there, mandy. >> come take a walk with me here, very minor moving today, but this is something to chew on. up our down, we are looking at the 46th consecutive day that the s&p has failed to register a daily percentage gain of 1 mrz or more. that ihe

the "squawk alley" team. >> what a day shaping up. dow is up 45 now. 1962 on the s&p. it is 8:00 a.m. at apple headquarters in cupertino, california. 11:00 a.m. here on lawsuit. "squawk alley" is liv ♪ >>> welcome to "squawk alley." joining us this morning, editor at lashed a mashable. good to have you back. kayla tou, jon ford as we wrap up what's been an amazing week in tech. new details on apple's new smart wash. reuter is says production is going to start in july with a full commercial launch coming as early as october. the smartwatch will have a 2 1/2-inch display. they will ship 50 million units within the first year. it will come in multiple sizes. more than ten sensors including ones to track health and fitness. the journal is saying 10 to 15 million units in year one. either way it looks like this is getting off the ground after a lot of speculation. >> it looks that way. and all of these pieces of the supply chain, it's hard to say that any of these is definitive. tim cook is fond of saying, our supply chain is complicated so any one bit you get doesn't tell the whole story.

the dow and nasdaq seen slightly higher. this is after the s&p and the dow hit another record. for the s&p, it was the sixth record close in seven sessions. can you believe it? but, at the same time, the volatility or the fear gauge fell below 11 for the first time since 2007. we'll talk about that later in the show. meantime, to european markets we are seeing a slight move to the upside. volumes pretty low today as we see the public holiday across much of europe. the markets are trading but liquidity is fairly thin. the ftse 100 is higher by a quarter percent. the xetra dax is up by .10%, the cac 40 is up by .01% and the ftse mib is up .22%. >>> does the quantity match the quality? despite job growth, the market itself is by no means the same as it was in 2007. >> when you go beyond the number of jobs and start to think about the quality of jobs that really matters, you realize things are not as good as we would like still. in recent related data on productivity growth, relearning for workers, you wonder if this is as good as it gets. >> the composition of the payroll gains was

reaching historic highs for the dow and s&p for friday. both the averages kicked off the new trading week with some modest declines. a new round of mergers would normally send stocks higher but not today. the dow is down nine points, the nasdaq managed to eke out a fractional gain enough for a 14-year high, and the s&p was down by about a quarter point. even with today's decline, the dow is just 63 points from the 17,000 mark. rallying 2% this year. with a week to go in the first half of this year, dominick chu takes a look at what helped the stocks get to this point and what may happen in the next leg. >> reporter: a be hadful of stocks helped propel the dow toward the 17,000 mark. since then intel has been a star perform performer, shares are up 19% during that time frame, then there's pharmaceutical giant merck. the single best performing stock in the dow industrials over that timespan has been construction and money for caterpillar. it's up a whopping 34%. now, the question for many investors is, where will the next round of leadership

the dow is off the highs of the day, up 86 point and look at this. up 77 and only 86 points away from dow 17,000 now. amazing. >> incredible. >> paul mcculley is up. we'll get the industry veteran's reaction to this morning's jobs numbers. wait until why he thinks isn't moving even though the u.s. economy is adding jobs. >> we'll if live to arkansas for the latest flash points and discuss a thorny issue for wall street. that will be wages. and the show of uber spoking exclusively to the newest round of funding that puts the valuation at about $18 billion which makes it a more valuable company than a name like alcoa. don't miss it. that's all coming up next hour. what i needed was information i could trust on how to take care of me and my baby. luckily, unitedhealthcare has a simple program that helps moms stay on track with their doctors and get the right care and guidance-before and after the baby is born. simple is good right now. (anncr vo) innovations that work for you. that's health in numbers. unitedhealthcare. at easy to use, platform.nts reall

>> there are so few that actually track the dow. weit were the s&p 500, then are talking about something. if it is the russell 1000, we are talking about something that is an index that funds are attracted to. at the the dow isn't an attractant. >> moving from a growth company to a blue-chip company, is aptly blue-chip company? >> that is a very interesting question. steve jobs reinvented apple by inventing whole categories of new product. hasoes seem that apple kind of moved into the brand extension business, sort of becoming a consumer staple company. unlikely to see going forward the kind of explosive revolutionary growth that steve jobs was responsible for. >> historically, this is what i recall from hansen pnc. the united kingdom loves world price stock. here -- at aave 10th of what you have here in the u.s. >> a public, he has 10 times many shares outstanding as the u.s. they goes back to the 19th century when it was all retail investors. it goes back to when, in the old days, you got a cheaper brokerage commissions are you wan

last week's rally sent the dow into record territory, as did the s&p, but we were on dow 17,000 watch on friday. looks like that's going to have to wait at least another day here, kelly. >>> oil prices also falling a little bit today, despite the continued fighting in iraq. where will oil and gasoline prices head from here? former shell oil president john hofmeister is here to weigh in on that. >> oil's also a hot topic at the university of dayton. the school is going green after divesting all of its fossil fuel investments. you're going to hear exclusively from the school's president about why he is doing this and his plan to have other university follow dayton's lead as well. >> yeah, bill, potentially a lot of money at stake here. they're doing it for ethical reasons, but they're also under pressure, like other universities like stanford, that have done this, from students. >>> all right, want to see what's happening with the market right now? here's what we're doing today. as you can see, kind of a meandering session. sell-off on the open this morning following what happened in as

the dow's up 32. and interestingly enough, tyler, because it's a price-weighted index that 7% move in intel just really doesn't move the needle that much. even microsoft trading higher on the back of it. but a company like walmart can offset a lot of that move as it's been weighing on the dow. the s&p 500 meanwhile, about 5 and the nasdaq 10. >> president obama says the u.s. is exploring options to help iraq's government but that we won't be sending our troops back in. an update on the latest developments next and how the oil market is reacting. >>> plus, a global policy and security expert weighing in on the potential for civil war in the war-weary country. ♪ ♪ [ girl ] my dad, he makes underwater fans that are powered by the moon. ♪ [ birds squawking ] my dad makes airplane engines that can talk. [ birds squawking ] ♪ my dad makes hospitals you can hold in your hand. ♪ my dad can print amazing things right from his computer. [ whirring ] [ train whistle blows ] my dad makes trains that are friends wi

not quite there yet, but we're looking at records for the dow, the s&p 500, the dow transports too. nts, so at the moment we won't see a record, but something tells us that we may see some bulls come in at the last couple of minutes of market. not everybody sees their silicon valley dreams come true and come to reality, but our next guest has struck gold not once, but twice. at the age of 24, this serial entrepreneur had already founded and sold a company for $90 million. it was called the wedding channel. and now she's on to her next project which is on track to ratchet up a billion dollars in annual sales by the end of the decade. joining us now to talk about the secrets behind her gutsy success is jessica heron, stella and dot's founder and ceo. you came on, jessica, i want to say years ago when we were just but a new company as well, and you came on, you were showing your wares, and we thought to ourselves, wonder what's going to happen here. and you have proved everybody who said you couldn't do it wrong. you have this interesting model. talk about how you change the way people

there is the dow jones industrial average over one year. last time we saw the big number, that was 16,000, was november 2013. so talk about seven months. interestingly enough, simon, seven months before that is when we saw the 15,000 left. the point is you're rising 1,000 points every seven months, therefore you could rise another thousand point by january, sue, which would be a gain of almost 6% for january, if you kept up the pace, though that's a huge question. back to you. >> it sure is, but you never know in this market especially. thank you sarah and simon. >>> after a rough couple months, the russell 2000 has been staging a comeback. the russell small-cap index is up 2% this week, up 6% over the past month. seema mody is looking at what's driving the rebound for us. >> hi, sue. that's right. after trading near correction territory, the russell 2000 has been staging a major comeback, outperforming the s&p 500 and the nasdaq over the past one month, so what's driving this rebound? well, market participants i spoke to track the russell a

the dow is up 17. any positive close for that or the s&p will be another new all-time high, and the s&p has just dipped back into negative territory. the nasdaq is underperforming, down 12.5 point. among the underperformers it s apple which is in the midst of its technology conference. >> it's up 1%. >> down 1% the last time i saw. >> it's down. >> biggest name in the index. >> i know that we're comparing apple to oranges, had, ha, ha, o coin a phrase, but back when they had the developers conference the stock would go up because people would be excited about the new products. >> and this is amid new language. bob pisani, a new month, last month of the quarter. what are the big movers right now. >> first trading day of the month. usually get a little more volume. not seeing that today although we are in record territory. want to show you the s&p, little excitement in the middle of the day. suddenly around 10:00 the ism numbers came out much weaker than expected 53-3-.2 and turned around around 11:00 and

we'll have a new closing high on the dow. s it over from here. >>> the graphics are back. welcome to the "closing bell," sha the s&p, the dow jones industrial average, as we hit 4:00 here on the east coast, the dow adding 97 points, 16,834. that puts it a good 90 points above the prior closing high. remarkable. the nasdaq, 4,296. up 1% for the day. s&p 500 adding 12% to 1,940. also a new closing high. on that note let's get right to it with today's panel. cnbc contributor peter bookmar is in the house, bobby flay, carol roth, and jon fortt. "fast money" trader brian kelly and dennis gartman. dennis, i'll start with you. look, are we seeing whether it was david tepper's comments earlier today, the behavior of markets, the decisions people are going to start to make now, a capitulation of the bears? >> well, i would hope that the bears may not be capitulating because you need bears to keep a good market going higher. there's plenty of people around who are still bearish. i think they're obviously wrong. they've been fighting tha

i want to point out what is driving the dow today. catpillar. in terms of percentage movers, catepillar is also the biggest gainer. by the time the do you hit 16,000, the last major psychological level, up to now, 17,000 or very close to it, here we are, catepillar increased more than 30% and it was the biggest point contribution on the dow. just in terms of other marks to watch here, i mentioned november 2013, it took a little over seven months to get here, and it took six months from 15,000 to 16,000. march 2009, the dow climbed more than 158% in this bull market. interesting day today. no economic data to report, seems like janet yellin really charged it up when she came out. you're seeing bigger volumes at the open and close. options, expiration, and index expiration as well. >> so pete, 35 points or so away on the dow, and sarah makes the point that catepillar is the biggest gainer. merck, disney, cisco, microsoft. >> no, it's been the same story. we talk about how many times we talked ab the chips and the energy and pharmaceutical names. i

we on the desk probably don't look at the dow. the s&p, russell. don't look at things like that just to play the game since the clock is ticking, i would say apple and dom would now with the split, that's been the topic where you would think apple could have a better chance of going in. it's price weighted. >> so everyone has been pondering that. i'm go with apple. >> sorry for that, one name in particular is about to be right back out. dan has today's option action. dan. >> cisco systems one of the themes has been large cap tech, oracle make 14-year highs, today, cisco is doing okay. up 10% of the year it was actually a buyer of september 27 calls. we bought 50,000 of them. let's calm it about 20 cents. it's a million in premium. the volatility is cheap. i suspect this trader is looking for cheap upside leverage. look at that chart, that's the play right there the previous high last august was 27. that's the break even i like the action. >> check out the action. all right. question should you be investing if wine? it's dropped 33% from june of 201

the s&p 500 relatively unchanged. dow around eight points and the nasdaq four points lower, too, following some of the sentiment we're seeing right now in the european markets in particular, shrugging off that six-month high for the china pmi data. the first expansion, in fact, in six months above that 50 level. what we have seen, though, is much weaker pmis here in europe. the french in particular indicating that we could see a contraction in that market in the second quarter of this year, so that's certainly weighing, i think, on european sentiment this morning, sri. >> with all that in mind, julia, how do you make money in these markets? here is what some of the experts have been telling us this morning. >> well, capital's flowing out of the middle east, that's for sure. but what we've seen in our report is this move away from home markets into a sort of more global way of investing, and that's an indication that there's much more confidence in the global economy than there was before. >> if you look to the way sectors

the dow still continuing to move up higher here. 're up 56 points right now, and the nasdaq's up 32, almost up 0.75% right now. >>> up next, americans are eating a lot less cereal for breakfast than they used to, and that's rocking the food world from general mills to mcdonald's. we'll tell you how your portfolio could get a boost from all this when we come back. okes: the volkswagen passat is heads above the competition, but we're not in the business of naming names. the fact is, it comes standard with an engine that's been called the benchmark of its class. really, guys, i thought... it also has more rear legroom than other midsize sedans. and the volkswagen passat has a lower starting price than... much better. vo: hurry in and lease the 2014 passat s for $199 a month. visit vwdealer.com today. could save you fifteen percent or more on car insurance.s mmmhmmm...everybody knows that. well, did you know that old macdonald was a really bad speller? your word is...cow. cow. cow. c...o...w... ...e...i...e...i...o. [buzzer] dangnabbit.

the dow has only posted gains in five of 15 junes. and while the s&p has gained in eight of 15 junes. the russell 2000 and the nasdaq led the gains in sdwrun up 4 and 3% respectively, both indices are having their best month since february. michael's going public at the nasdaq today. the arts and craft retailer pricing at the low end of estimates, getting off to a somewhat weak start, just as you can see moving above the listing price there at $17.22. go pro, as you can see at the bottom there, continues to soar, now day 2 of trading, a sec and a half, and really still making some gains. we've seen it happen in biotech, internet and cloud stocks. our semixhuktor stocks are they next for a breakdown? seema mody looking deeper, and dominic chu with one beaten down group actually staging a stealth, but we'll kick off with you, seema. >> it's been seen as a pocket of strength, the semiconductor stocks, company that is power partphones, tablets pcs and chips, the index up about 17% as investors -- but some wall street analysts believe semic

the dow off 110 points. cnbc, meanwhile, highlighting the top states for business, but it's still a big mystery which state is at the top. >> senior correspondent scott cohn is in that state. where are you again? >> reporter: i'll tell you in about an hour. i like your idea of pot states for business. we're always looking for spin-offs, and that could be interesting. we have been counting down all day america's top states for business. we're going to reveal the full study, including where your state stacks up in about an hour on the "closing bell." for now, though, a reminder of where we've been. state number five is north carolina, with an improving economy and abundant workforce. four is nebraska, a business-friendly state with an economy that's chugging along. number three is utah, a perennial favorite that is attracting lots of business capital. number two again this year, texas. solid economy, great infrastructure. but costs are rising and health care remains an issue. so, who is number one? we've been g

the dow is still negative. w indexes are, in fact, but the s&p has to turn around by a couple of points to notch a new high. >> verizon getting a lot of buzz in telecom after warren buffett and several other billion airs took big stakes in that company, but our next guest says it's time for investors to dial up shares of at&t which have been underperforming verizon so far this year. >> and coffee lovers get a load of this, the keurig green mountain has sent these tasting trucks to several interests. we'll have a little taste coming up later on "closing bell." honestly, the off-season isn't really off for me. i've got a lot to do. that's why i got my surface. it's great for watching game film and drawing up plays. it's got onenote, so i can stay on top of my to-do list, which has been absolutely absurd since the big game. with skype, it's just really easy to stay in touch with the kids i work with. alright, russell you are good to go! alright, fellas. alright, russ. back to work! they're the days to take care of

it appears back to the record we might have no records to add to the dow, to be saf the s&p. dow jones looking at a second straight record) s&p looking at their third record in a row, and investors getting confusing messages on the economy. the reported a slow down in the manufacturing index for may. just about an hour after 10:00 a.m. eastern, the isam was revised upward. that caused the dow jones the skill to move higher, and 45 minutes after that provision they said wait a minute, we are not done, we found another mistake. another revision saying it incorrectly adjusted the adjustment. the final number, 55.4, slightly under analyst estimates. u.s. safety officials investing if a chrysler recall could fix potentially defective airbags is indeed working. some early 2000 models of cheap grand cherokee and jeep liberty to stop the airbags inflating without a crash. since the recall, chrysler has received six additional complaints of recalled airbags that deployed without any sort of impact. we are watching this closely because all auto recalls are making a big dent in the marke

the dia covers the dow stocks and sp kwlchlt, s & p 500. which might fare better in the second half? mike holland is chairman of holland and company and lee part ridge, chief investment officer at salient partners a great team to talk about this mike, let me start with you, if i could. you do not believe the bull run is over, there is more ahead. which of the two indices i talked about do you think might fare better the second half? >> the second half is quite a short period of time. i think the divergence will probably narrow. i think we have had, a few years ago, the big cap stocks so undervalued relative to the rest of the market stocks like intel, microsoft, in fact, so cheap, they way outperformed, the dow jones -- outperformed the s & p a lot a few years ago, now some reversal of that toward the end of the year, see pretty much in a tie race, could be well they get rid of the divergence. >> would you agree with that, the divergence narrows? >> might bring us up a good point. we would expect the dow to generate nice returns toward the l

the dow down 40 points. maybe it is a tightly coiled spring ready to go here as we get ready for that rebound i'm seeing at the top of the hour. >>> time warner clocking its best level since december of 2001, just one of the many media companies that's enjoyed a banner year. we'll speak to a couple pros coming up and see how long the industry can stay hot. also, the situation in iraq and the effect on oil prices. the u.s. sending armed drones over baghdad. we're back in a moment. seeing the world in reverse, and i loved every minute of it. but then you grow up and there's no going back. but it's okay, it's just a new kind of adventure. and really, who wants to look backwards when you can look forward? tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550

the dow is up 28 points. been one of those days as we wait for tomorrow's news conference by the fed. >> this is nothing in terms of tight range. we have had sessions where we moved barely 20, 30 points on the dow the whole time. >> the summer doldrums are upon us maybe. >> they struck early. elon musk, spacex rocketing to the top of the disrupter 50 list. he'll be at the new york stock exchange with me later. we'll talk hot competition and the commercial space race. of course we'll talk tesla, a cutting edge company. just last week opening up patents to competitors. that's generating a lot of chatter. we'll ask about that. it's coming up in an hour. don't miss it. >> honeywell's ceo will talk to us. they make thermostats to jet fuel. the new green jet fuel is powering 200 commercial flights for the world cup. we'll talk about that and spacex and lon musk and more things coming up here. >> jim grant will join us in a few minutes. we'll get his thoughts ahead of the fed's big day tomorrow. he's not holding back

the dow gained nearly six points, the nasdaq rose by 19 again and s&p tacked on almost four. for the week, the dow and s&p were down slightly while the nasdaq continued its climb higher. the quarter is the story to itself with three averages looks like they will end higher but as with the market, some areas have stood out more than others and as dominic chu explains now, a little research goes a long way. >> reporter: the second quarter is shaping up to be a descent one for the stock market. while the broader s&p 500 is up nearly 5% since the end of march, industry groups like biotechnology, tobacco and computers posted higher returns. if you took time and lucky enough to invest in these types of stocks, you would be having a great quarter. many experts believe that doing some homework and picking specific parts of the market will pay off for investors. >> this year, we think it's about the return of business spending as businesses feel more c confide confident, do more hiring and build for factories and offices. this benefits industries or companies in the industrial sector

. >>> you've heard of the dow and the nasdaq and the s&p 500. but you may not know how their daily numbers are adding up. when we come back, our week along series on investing, strategies to help your portfolio. >> the dow jones industrial average closed above 16,000 for the first time six months ago, and after today's gain, the dow is only 192 points away. them don't mean much in themselves but the dow is an important symbol of america's strength. so this week, we're highlighting key investment strategies and bank principles. today i'm going to tell you about the s&p 500 and the nasdaq. all indices are not created equal. and it's important to understand the differences when your prosperity is on the line. because billions of dollars of retirement money are tied to these indices, and there are differences in the way that they're calculated. we brought in doug flynn, and i started by asking him to explain that. >> . >> you have ways to make up the index, and it's weighted to the size of the company. >> so the bigger company has more. >> exxon and

going out with fractional gains for the dow and s&p. five points. >>> stay tuned, speaking of the nasdaq, oracle reports earnings in a moment here. that's coming up. kelly evans has the second hour of the "closing bell." >>> hi, everybody, and welcome to the closing bell. i'm kelly evans and it looks like with the s&p 500 adding maybe just a point or two here at the close, that will be good enough for a new high. here's finishing on the day on wall street, what we heard from fed chair janet yellen today, stocks not necessarily giving up much ground. nasdaq looks like it is losing three our four points aubd slate of heavy offerings. meanwhile the s&p 500 adding about two points, 1,959. could be the new high water mark. the dow adding about 12 here after spending most of the day in the red, 16,919. as we wait on oracle earnings, nath nath nathan, julia boorstin, kayla tausche. is it significant that we didn't give up more ground today? >> i think it was. in terms of the market riding along here i think yellen told you that you're going to

the dow is down 29. nions about stocks out there, how do you know which ones to follow? the equity summary score consolidates the ratings of up to 10 independent research providers into a single score that's weighted based on how accurate they've been in the past. i'm howard spielberg of fidelity investments. the equity summary score is one more innovative reason serious investors are choosing fidelity. call or click to open your fidelity account today. peace of mind is important when so we provide it services you bucan rely on. with centurylink as your trusted it partner, you'll experience reliable uptime for the network and services you depend on. multi-layered security solutions keep your information safe, and secure. and responsive dedicated support meets your needs, and eases your mind. centurylink. your link to what's next. ♪ >>> welcome back. samsung reportedly planning to introduce its first android-powered smartwatch at google's developers conference this week. it follows separate reports that ap

tyler mentioned the dow is up a couple of points to 16,729. still 15 shy of the record closing high. take a look at the nasdaq which after underperforming for the last couple of sessions is trying to add 15 point today and the s&p 500, keep a close eye on this one. the record high is 1924 just about, and we're trading at 1926 right here with about an hour to go, tyler. >> let's talk markets. joining our "closing bell" exchange is kate warren from edward jones and ken from money matters and keith fitzgerald and jack bouroudjian from intention financial partners and our own rick santelli. welcome one and all. ken, you make the case, my notes indicate, that we are in a kind of rolling correction. make your case for that because we're going to an all-time high potentially today. >> well, what normally happens when you have a correction is you have a drop of 10% to 20%. it recovers quickly, usually within about four months and then we forget all about it, and we move on. well, it's happened here and over the last few months the market basically trad

there's speculation of a more affordable apple could affect the dow.pple as a company already worth significantly more than other tech companies on the dow including microsoft, cisco, ibm and intel. >>> and now we'll check on our forecast with meteorologist christina loren. it is already hot this morning. >> we are three degrees away from 70 right now in san jose, livermore, and it is going to be a very, very warm day. part of the reason why is because of this mild start. the other reason why is because high pressure really not going to budge all that much. as we get into this afternoon, you will notice a difference at this evening at the immediate coast with the cool ocean air and the marine influence returns, but not until after 4:00 p.m. thick pockets of fog and drizzle out there. clouds along the coastline. and we'll see the valley sunshine by noon. but even the clouds that do cling to the coastline for the first part of the day will burn off right around 9:00 a.m. strong high pressure on the way. cool ocean breeze returns by this evening. and that

gain for the dow, s&p up 4.6%. re. but the best performer of the major averages up almost 5% on the nasdaq over that time. the sectors for the s&p, all ten sectors are positive this time. the best performer was energy as we pointed out earlier in the section and the laggards this quarter were the consumer players. and show you the best and worst performing stocks within the s&p 500. the best performer is regis philbin's favorite of all things, micron technology, up 39%, and coach the retailer down 31% this quarter, the worst performer this year so far as well, but yet bob pisani, we've got the sixth quarterly -- sixth consecutive up quarter for the s&p and the nasdaq. the fed-induced rally continues. >> s&p up %, emerging markets up significantly, europe is up significantly. the bond market is up so far. this has been the most remarkable few months. by the way, bill, you mentioned the s&p up 4%. most of the gains for the year that we've had for the whole year have come in the last five or six weeks as we've seen thi

will the dow and the s&p rise for a seventh straight session? if you missed this rally, should you now wait for a pull pac? we have got the answers. some call them the granddadty of all housing numbers. existing home sales rising way more than than expected in may. does this put an end to the housing recovery debate, or is there one specific and very dark cloud holding back sunshine? one of the top voices in housing, professor of real estate susan wachter, joining us live. and feeling like you could use a jolt of happiness? you guessed it, there's an app for that. hapify has already received $7 million in early funding. hapify's cofounder and president puts you through his happiness boot camp. it's a fox business exclusive on "countdown to the closing bell" starting right now. ♪ there are must. ♪ ♪ liz: good amp, everybody -- good afternoon, everybody, half of monday, i'm liz claman with one hour to go. a seventh straight gain for the dow and the s&p is looking out of reach, but that is not stopping some major deals. first off, the the dow jones

another day of record closes for the dow industrials. the year. take a look at the futures this morning. you'll see red arrows at least at this point. it looks like the dow would open down by 24 points, s&p futures down by just over 3.5 points and the nasdaq down by just over 11 points. we continue to watch gold. gold falling for a sixth straight session. its longest losing street since last august. you can see this morning, it was up by $2.40, $1,246.40 an ounce. it is a relatively quiet day on the economic front. we get april factory orders at 10:00 eastern. may auto sales throughout the day. we have china economic news, the pm

the dow is 8 it. -- 82. ch is down to the lowest level since 2007! [closing bell ringing] >> pretty amazing. we're right here at session highs. the vix reached new lows. liz: two big auto names. ford included. we have alan mulally on the show today, moving higher. david: look at all indices. we have pretty much even gains. we love when the small and mid-size stocks. we have favorite after on "after the bell." they did almost a full percentage point. a very healthy way to end the week. "after the bell" starts right now. liz: yes, that is record for the books. once again, david, the s&p and dow jones industrials. david: here we go again. it is an extraordinary day. let's go through all the market act shun with

thanks, bertha. >> the dow has plateaued. se earlier when we were down 75 to 80 points. >> that's right. trying to digest it. we're talking economic recovery. what does the chief economist have to say about that? paul mcculley is coming up. >>> also ahead, toyota is taking on tesla with its new hydrogen fuel cell car. we're driving head-in to the debate over what's better for consumers and investors. that's coming up. ...and a choice. take 4 advil in a day which is 2 aleve... ...for all day relief. "start your engines" you've reached the age where you know how things work. this is the age of knowing what needs to be done. so why let erectile dysfunction get in your way? talk to your doctor about viagra. 20 million men already have. ask your doctor if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side effects include headache, flushing, upset stomach, and abnormal vision. to avoid long- term injury, seek immediate medical help for an

the dow is up 68 points now. 95.5 points from 17,000. all right. said earlier it was a disappointing jobs report. there was no surge in job creation in the month of spring. 217,000 new jobs in may. over a third of them are low-paying sectors. mary, i said that is a disappointing report. i characterized it negatively. what would you say? >> it is a modestly good report. i wonder if they miss that irony here. we are starting to see these modest gains. there is a long way to go. >> there are easy things to do. they create jobs. build the keystone pipeline. >> disappointed in charles. are you going to disagree with me? >> considering high taxes, considering all the revelations, this shows the reelection for the white house and the president kept saying he would build an economy built to last. no. we already have it. the dna is still intact. >> i think you are seeing these games because there have not been budget hikes. i look to the midterm elections to get more confidence. if the republicans take over the senate. we may not see more garbage dumped on t

this is after records last week were set for the dow and s&p 500. 1% gains for the week. you may pay more for your latte tomorrow. starbucks announced they would raise prices tuesday for drinks. yes, the spike will be anywhere from five to 20 cents. they inched it up in little increases then it adds up to so much. not all drinks are affected. a latte 20 cents. brewed coffee stays the same. star bucks is the latest to raise prices. they cited cost reasons for the hike, coffee prices hit a two-year high in april. >>> oh, victory. it can be so sweet. but oh so bleeding. slippery, sour, whatever you want to call it. ask members of the team usa and the nation of fans. they were so close to a thrilling come from behind victory that would have sent them into the world cup's round of 16, but -- >> no go. >> portugal got the equalizer. we have more on the thrilling match and the header heard round the world. >> reporter: are you guys over the absolute shock that we experienced moments ago behind me? this was a match that really could have been the biggest mo

pre-much dead on the s&p 500 and the dow until later in the week when we get u.s. near record highs. record highs, we have a talk about equity, the dow 17,000, we are a few points short of that right now. another pushed higher by one percent, look at this chart. pretty much nothing. there is a lot of concern coming percent onear, four that index. speaking of an event in london, mark mobius says guess what, he is bullish on emerging markets and he likes frontier stocks as well. we will be sitting down with mr. mobius and we will bring you the headlines from london later this afternoon. we did a bit of a transatlantic exchange this year for the summer. bringing it back to u.s. equities, the s&p 500 hitting 2000, it is these levels that everyone is talking about. how long will it take to pass key levels. does it matter? let's bring in mike reagan. i speak for smart money, so disregard this, is it silly that round numbers don't matter? to a few spoken strategists and was fully expecting to hear the same thing , but they do tell me that it matters a bit to the extent of

we're down on the dow. we're 112 points. eing linked to the continued unrest in iraq. and we'll talk more about that in a moment. s&p 500 is off almost a full percent. as is the nasdaq composite. that sent the money into the ten year note. a one-week low on the yield of 2 2.581%. there are winners. green mountains of course, brenda highlighted earlier up about 4%. diamond offshore is up 3.29% or so. noble corp up 2.79% on the trading session. >> look at that last little stat. the dow has not fallen for two days in a row since may 14th and 15th. this link to what's going on in iraq reminds me how sometimes risks can affect your portfolio from out of nowhere. >> absolutely. >> we didn't really know this was coming a week ago and now the declines the past couple of days have been tied to this. >> you know, you just wonder, though, whether that wasn't what the bond market was signaling a couple weeks ago. >> perhaps so. >> when we had the yield moving down instead of up as everybody expected it to. and there are reports saying th

meantime the dow had 11. ity, we're still looking at historical lows with the vix 10. 10.85. that's quiet. too quiet. the futures at this hour, also been quiet. we're now down about 15 points or so. but, 17,000 you would figure is something that we have a good chance of seeing maybe this week, on the dow. the ten-year has not been quite as much fun to watch. 2.6. we're going to talk more about the stealth summer rally with "squawk" market master jeremy siegel who has stayed really sanguine and bullish about the prospects for equities. and why not considering there's not a whole lot else you can do with your money at this point. the best performing sectors this year, energy and utilities and our top corporate story this morning fits that trend. the board of france's alstom is backing the bid for general electric. ge's investment in the transaction worth about $10 billion, lower than i think the cash part went down, didn't it? as the ownership -- as the control that they would exert on the company sort of went d

the u.s. soccer team. dow component nike. after the market closed the sneaker and apparel company jumped 5% and three cents per share more than analyst estimates. revenues came in better than expected and that's thanks to strong demand in the u.s. and several international markets. and news that worldwide orders were up 12% lifted shares in after hours trading. sarah eisen has more on what is next for nike. >> reporter: for nike investors there are three areas to watch, big sporting events like the world cup, china and technology. nike shares have fallen almost 3% many making them one of the losers in the dow in an up year so what are investors looking for to turn it around? a payoff in soccer sales. nike is spending big on world cup marketing. >> the world cup is a big boost in sales in terms of performance product and also sportswear or lifestyle product. we're seeing the football category continue to grow. we're the number one football company in the world. our market share in foot ware is tops in every country around the w

nasdaq ever so slightly up about 0.1% -- the dow jones industrial down about 0.25%. are weighing on the market. the dow jones industrial in particular after it came out to lower its earnings outlook. in europe earlier, the markets closed with some gains, mostly i the cac is down confirming the french economy posted zero growth in the first quarter. here is one story shaping european trading on friday, the world's biggest travel and leisure company in the making. merging with its british and they already owned 55% of the business and remaining competent -- shareholders of the compensated with shares in the combined company. shares in both popped on the news. hit alation in japan has 32-year high. consumer prices rose 3.4% in comparison the same month last year. much of the increase attributed to a hike in consumption taxes in april. it is due to hopes that the japanese economy is escaping deflation and it is being attributed to a damaging cycle of low growth for decades over in japan. cost to luis suarez after he did an italian footballer is rising. betting website is